ARCHIVED CD 2007-024: Information Notice to Employees
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Information Notice to Employees Federal, Provincial (excluding Quebec) and Territorial Personal Tax Credits -- Effective January 1, 2008
Note This document has been modified. The changes are identified by a vertical line "|". Revision (|)
The purpose of this notice is to provide you with information concerning the federal, provincial (excluding Quebec) and territorial personal tax credits for the 2008 taxation year.
Many of the personal tax credit amounts on the federal, provincial and territorial "Personal Tax Credits Return" (TD1) forms have been indexed for 2008. Indexing means that certain personal tax credit amounts will increase based on changes to the Consumer Price Index (CPI). For example, the federal indexing factor for 2008 is 1.9%. To calculate the indexed federal personal tax credit amounts for 2008, multiply the appropriate 2007 personal tax credit amounts by 1.019.
The Canada Revenue Agency (CRA) has announced that the following personal tax credit amounts have been indexed by 1.9% for the 2008 taxation year. The 2008 TD1 form will be revised to include these changes to the personal tax credit amounts as well as changes to certain line descriptions. This form will be available at district taxation offices and at the following CRA Web site: TD-e
In the Economic Statement announced on October 30, 2007, the basic personal amount, spouse or common-law partner amount and the amount for an eligible dependent were retroactively set at $9,600 (formerly $8,929) effective January 1, 2007. These amounts will also be used for the current 2008 year. All other indexed federal personal tax credit amounts have been increased by the federal indexing factor of 1.9%.
Federal Personal Tax Credit Amounts
| Amount Effective July 1, 2007 |
Amount Effective January 1, 2008 |
|
|---|---|---|
| Basic personal amount | $8,929 | $9,600 |
| Child amount | $2,000 | $2,038 |
| Age amount | maximum of $5,177 | maximum of $5,276 |
| Disability amount | maximum of $6,890 | maximum of $7,021 |
| Spouse or common-law partner amount | maximum of $8,929 | maximum of $9,600 |
| Amount for an eligible dependant | maximum of $8,929 | maximum of $9,600 |
| Caregiver amount | maximum of $4,019 | maximum of $4,095 |
| Amount for infirm dependants age 18 or older | maximum of $4,019 | maximum of $4,095 |
PROVINCIAL AND TERRITORIAL PERSONAL TAX CREDITS
Effective January 1, 2008, the following non-refundable personal tax credit amounts can be claimed by you based on your province/territory of employment. Some personal tax credit amounts have been indexed for the 2008 taxation year. Each provincial and territorial TD1 form will be revised to include these changes to the personal tax credit amounts. These forms will be available at district taxation offices and at the following CRA Web site: TD-e
Newfoundland and Labrador
Provincial Personal Tax Credit Amounts
| Amount Effective July 1, 2007 |
Amount Effective January 1, 2008 |
|
|---|---|---|
| Basic personal amount | $7,558 | $7,566 |
| Age amount | Maximum of $3,552 | Maximum of $3,556 |
| Disability amount | Maximum of $5,100 | maximum of $5,106 |
| Spouse or common-law partner amount | Maximum of $6,177 | Maximum of $6,183 |
| Amount for an eligible dependant | Maximum of $6,177 | Maximum of $6,183 |
| Caregiver amount | maximum of $2,401 | maximum of $2,402 |
| Amount for infirm dependants age 18 or older | maximum of $2,401 | maximum of $2,402 |
Prince Edward Island
Provincial Personal Tax Credit Amounts
| Amount Effective July 1, 2007 |
Amount Effective January 1, 2008 |
|
|---|---|---|
| Disability amount | Maximum of $5,400 | Maximum of $6,890 |
Nova Scotia
Nova Scotia - Provincial Personal Tax Credit Amounts
| Amount Effective January 1, 2007 |
Amount Effective January 1, 2008 |
|
|---|---|---|
| Basic personal amount | $7,481 | $7,731 |
| Age amount | Maximum of $3,653 | Maximum of $3,775 |
| Pension income amount | Maximum of $1,035 | Maximum of $1,069 |
| Disability amount | Maximum of $4,441 | Maximum of $4,596 |
| Spouse or common-law partner amount | Maximum of $6,352 | Maximum of $6,565 |
| Amount for an eligible dependant | Maximum of $6,352 | Maximum of $6,565 |
| Caregiver amount | Maximum of $4,320 | Maximum of $4,465 |
| Amount for infirm dependants age 18 or older | maximum of $2,468 | maximum of $2,551 |
New Brunswick
Provincial Personal Tax Credit Amounts
| Amount Effective January 1, 2007 |
Amount Effective January 1, 2008 |
|
|---|---|---|
| Basic personal amount | $8,239 | $8,395 |
| Age amount | Maximum of $4,023 | Maximum of $4,099 |
| Disability amount | Maximum of $6,670 | Maximum of $6,797 |
| Spouse or common-law partner amount | Maximum of $6,996 | Maximum of $7,129 |
| Amount for an eligible dependant | Maximum of $6,996 | Maximum of $7,129 |
| Caregiver amount | Maximum of $3,891 | Maximum of $3,965 |
| Amount for infirm dependants age 18 or older | Maximum of $3,891 | Maximum of $3,965 |
Alberta
Provincial Personal Tax Credit Amounts
| Amount Effective January 1, 2007 |
Amount Effective January 1, 2008 |
|
|---|---|---|
| Basic personal amount | $15,435 | $16,161 |
| Age amount | Maximum of $4,301 | Maximum of $4,503 |
| Pension income amount | $1,189 | $1,244 |
| Tuition and education amounts (full-time) | $475 | $628 |
| Tuition and education amounts (part-time) | $143 | $188 |
| Disability amount | maximum of $7,131 | maximum of $7,466 |
| Spouse or common-law partner amount | Maximum of $15,435 | Maximum of $16,161 |
| Amount for an eligible dependant | Maximum of $15,435 | Maximum of $16,161 |
| Caregiver amount | Maximum of $4,160 | Maximum of $4,355 |
| Amount for infirm dependants age 18 or older | Maximum of $4,160 | Maximum of $4,355 |
Ontario
Provincial Personal Tax Credit Amounts
| Amount Effective January 1, 2007 |
Amount Effective January 1, 2008 |
|
|---|---|---|
| Basic personal amount | $8,553 | $8,681 |
| Age amount | Maximum of $4,176 | Maximum of $4,239 |
| Disability amount | maximum of $6,910 | Maximum of $7,014 |
| Pension income amount | $1,183 | $1,201 |
| Tuition and education amounts (full-time) | $461 | $468 |
| Tuition and education amounts (part-time) | $138 | $140 |
| Spouse or common-law partner amount | Maximum of $7,262 | Maximum of $7,371 |
| Amount for an eligible dependant | Maximum of $7,262 | Maximum of $7,371 |
| Caregiver amount | Maximum of $4,031 | Maximum of $4,092 |
| Amount for infirm dependants age 18 or older | Maximum of $4,031 | Maximum of $4,091 |
Saskatchewan
Provincial Personal Tax Credit Amounts
| Amount Effective January 1, 2007 |
Amount Effective January 1, 2008 |
|
|---|---|---|
| Basic personal amount | $8,778 | $8,945 |
| Age amount | Maximum of $4,156 | Maximum of $4,235 |
| Senior supplementary amount | $1,097 | $1,118 |
| Disability amount | maximum of $6,890 | maximum of $7,021 |
| Spouse or common-law partner amount | Maximum of $8,778 | Maximum of $8,945 |
| Amount for an eligible dependant | Maximum of $8,778 | Maximum of $8,945 |
| Child amount | $2,743 | $2,795 |
| Caregiver amount | Maximum of $4,019 | Maximum of $4,095 |
| Amount for infirm dependants age 18 or older | Maximum of $4,019 | Maximum of $4,095 |
Manitoba
Provincial Personal Tax Credit Amount
| Amount Effective January 1, 2007 |
Amount Effective January 1, 2008 |
|
|---|---|---|
| Basic personal amount | $7,834 | $8,034 |
| Spouse or common-law partner amount | Maximum of $6,482 | Maximum of $8,034 |
| Amount for an eligible dependant | Maximum of $6,482 | Maximum of $8,034 |
British Columbia
Provincial Personal Tax Credit Amounts
| Amount Effective January 1, 2007 |
Amount Effective January 1, 2008 |
|
|---|---|---|
| Basic personal amount | $9,027 | $9,189 |
| Age amount | Maximum of $4,048 | Maximum of $4,121 |
| Disability amount | maximum of $6,770 | maximum of $6,892 |
| Spouse or common-law partner amount | Maximum of $7,729 | Maximum of $7,868 |
| Amount for an eligible dependant | Maximum of $7,729 | Maximum of $7,868 |
| Caregiver amount | Maximum of $3,949 | Maximum of $4,021 |
| Amount for infirm dependants age 18 or older | Maximum of $3,949 | Maximum of $4,021 |
Yukon
Territorial Personal Tax Credit amounts
| Amount Effective January 1, 2007 |
Amount Effective January 1, 2008 |
|
|---|---|---|
| Basic personal amount | $8,929 | $9,600 |
| Age amount | Maximum of $5,177 | maximum of $5,276 |
| Disability amount | maximum of $6,890 | maximum of $7,021 |
| Spouse or common-law partner amount | Maximum of $7,581 | maximum of $9,600 |
| Amount for an eligible dependant | Maximum of $7,581 | maximum of $9,600 |
| Caregiver amount | Maximum of $4,019 | maximum of $4,095 |
| Amount for infirm dependants age 18 or older | Maximum of $4,019 | maximum of $4,095 |
| Effective July 1, 2007, a new Child tax credit of $2,000 was introduced for the Yukon territory. The Yukon TD1 form was not revised effective July 1, 2007, to include this tax credit. Effective January 1, 2008, this tax credit was increased to $2,038 and added to the 2008 Yukon TD1 form on line 2. Due to the Child tax credit being added to the Yukon TD1 form, the line numbers for the remaining tax credits starting with the Age amount have been renumbered.
Northwest Territories
Territorial Personal Tax Credit Amounts
| Amount Effective January 1, 2007 |
Amount Effective January 1, 2008 |
|
|---|---|---|
| Basic personal amount | $12,125 | $12,355 |
| Age amount | Maximum of $5,931 | maximum of $6,044 |
| Disability amount | maximum of $9,833 | maximum of $10,020 |
| Spouse or common-law partner amount | Maximum of $12,125 | maximum of $12,355 |
| Amount for an eligible dependant | Maximum of $12,125 | maximum of $12,355 |
| Caregiver amount | Maximum of $4,019 | maximum of $4,095 |
| Amount for infirm dependants age 18 or older | Maximum of $4,019 | maximum of $4,095 |
Nunavut
Territorial Personal Tax Credit Amounts
| Amount Effective January 1, 2007 |
Amount Effective January 1, 2008 |
|
|---|---|---|
| Basic personal amount | $11,149 | $11,360 |
| Age amount | Maximum of $8,361 | maximum of $8,520 |
| Disability amount | maximum of $11,149 | maximum of $11,360 |
| Spouse or common-law partner amount | Maximum of $11,149 | maximum of $11,360 |
| Amount for an eligible dependant | Maximum of $11,149 | maximum of $11,360 |
| Caregiver amount | Maximum of $4,019 | maximum of $4,095 |
| Amount for infirm dependants age 18 or older | Maximum of $4,019 | maximum of $4,095 |
Compensation systems are programmed to automatically reflect the basic personal amount, the spouse or common-law partner amount, and the amount for an eligible dependant.
If you wish to change your personal tax credit amounts, you must complete both the federal and the applicable provincial or territorial TD1 forms. If you change your province or territory of employment or move to another province or territory, you should complete the appropriate provincial or territorial TD1 form. These forms are available from CRA tax services offices and at the following Internet address: TD-e
Any request for information regarding the content of this document should be addressed to your compensation advisor.
- Date modified: